Are we going to witness an historical housing price correction amid sharpest rise in unemployment and social tension?...and the minimum you should know in order to protect yourself from this downturn from an economic, stock market and political point of view... with a pinch of humor and sarcasm.

Monday, 3 March 2008

100%, That's The Current Debt Burden.

"Finland's household debt-to-equity ratio inched beyond 100 per cent for the first time on record, Statistics Finland (SF) said in a statement Friday."

Not a surprising news. Household have been pilling up debt fuelling an economy that rely on it.

"Tuomas Rothovius of the agency said that although the ratio had risen, it was moderate when compared with other industrial countries'."